REI Lense

REI Lense

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$2,199 (target)

1436 Four Mile Rd NE, Grand Rapids, MI 49525

3 beds • 2 baths • 1421 sqft

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This property looks like a bad Long-Term investment with a projected -10.51% first-year return on $68,250 initial cash invested.

-10.51%

Cash On Cash

4.29%

Cap Rate

0.7

DSCR

$2,199

Rent

-$598

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$325k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,250

Downpayment

20%

$65,000

Closing costs

1%

$3,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,199

Total Expenses

$2,797

Mortgage P&I

75%

$1,650

Property Taxes

21%

$461

Home Insurance

5%

$114

HOA

0%

$0

Property Management

10%

$220

CapEx

5%

$110

Vacancy

6%

$132

Maintenance

5%

$110

Other

0%

$0

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